French shipping magnate Rodolphe Saadé has pledged to invest $20bn in the US over the next four years, a major expansion in a sector that the Trump administration sees as increasingly strategic. The investment by CMA CGM,

CMA CGM’s Rodolphe Saadé says the world’s No. 3 container line will invest $20 billion in the U.S. over the next four years.

President Donald Trump announced Thursday that CMA CGM would pour billions of dollars' worth of funds into the U.S. economy for logistics.